Author: franperez66q@protonmail.com
The U.S. dollar may be emerging from nearly a year of stagnation, with strategists increasingly arguing that the world’s reserve currency is poised for a more sustained advance. The U.S. dollar index has spent the past 11 months in a relatively narrow range. But experts highlighted that recent price action suggests the period of consolidation may finally be ending. Kristian Kerr, head of macro strategy at LPL Financial, said the dollar appears to be breaking out after months of subdued trading. “Breakouts from extended consolidations often see meaningful follow through,” Kerr wrote, adding that foreign-exchange volatility has fallen to near…
US House committee says South Korea discriminated against Coupang Source link
We’re counting down the days until the release of Christopher Nolan’s The Odyssey, and Universal Pictures has released one last trailer to keep anticipation high. Most of us read some version of The Odyssey in high school, so we’re familiar with the story: Odysseus, legendary Greek king of Ithaca, begins the long journey home after 10 years of fighting in the Trojan War. But the journey doesn’t go smoothly, as Odysseus and his men encounter the cyclops Polyphemus, the Sirens, and an enchantress named Circe, among other obstacles. Meanwhile, Penelope, his long-suffering wife, wards off hundreds of suitors eager to…
Employees of Volkswagen Sachsen GmbH stand with Dirk Panter (SPD, M), Saxony’s Minister of Economic Affairs, in front of the Volkswagen plant gate.Picture Alliance | Picture Alliance | Getty ImagesVolkswagen is bracing for a high-stakes boardroom showdown following reports that the embattled auto giant is weighing up shutting four German factories and implementing as many as 100,000 job cuts.The mass layoff plan, which would represent the most radical overhaul in the firm’s nearly 90-year history, is staunchly opposed by German lawmakers and powerful labor unions.The standoff has laid the groundwork for what is shaping up to be this year’s most…
Tankmaker KNDS has postponed its highly anticipated public listing until market conditions improve, following a slump in defense stocks in recent months. Shareholders of the Amsterdam-based company have decided that the IPO process will resume “upon the return of more favorable market conditions,” KNDS said in a statement late Wednesday. This comes “In light of current market volatility for the European Defense sector,” it said.It comes after the Financial Times reported the defense equipment maker was struggling to convince investors to back a valuation of more than 12 billion euros ($13.7 billion).KNDS confirmed last week its intention to dual list…
Super Micro says two Taiwan staff detained in probe involving its AI servers Source link
Amazon is focusing on building chips for its “critical” consumer devices, the company’s top hardware executive told CNBC.In a wide-ranging interview on CNBC’s “The Tech Download” podcast, Panos Panay, the head of devices and services at Amazon, discussed, for the first time, the company’s approach to semiconductors in its own hardware and how it’s experimenting with different types of AI-enabled gadgets.”We do make our own end-to-end silicon for the devices that we ship,” Panay said.He said Amazon’s custom silicon is in devices such as the Echo Show 8, Echo Show 11 and Fire TV.In October, Amazon unveiled the AZ3 and AZ3 Pro…
Smoke rises over the city following a Russian air attack on Kyiv, on July 2, 2026, amid the Russian invasion of Ukraine. Russian missile and drone strikes rocked Kyiv early on July 2, killing two people and wounding more than a dozen, after President Volodymyr Zelensky warned that Moscow was preparing a “massive attack”. (Photo by Roman PILIPEY / AFP via Getty Images)Roman Pilipey | Afp | Getty ImagesRussia launched a large-scale missile and drone attack on Ukraine Thursday, targeting Kyiv and other regions across the country.Russia’s Defense Ministry said that it carried out a “massive strike using long-range precision air,…
CEO of OpenAI Sam Altman (L) and U.S. President Donald Trump attend a working lunch with G7 leaders, G7 outreach partners, and global tech CEOs on innovation and AI, during the G7 Summit on June 17, 2026 in Evian-les-Bains, France. Anna Moneymaker | Getty ImagesOpenAI has proposed handing the U.S. government a 5% stake in the company, the Financial Times reported Thursday, as the artificial intelligence startup seeks to defuse mounting political pressure in Washington. A 5% holding would be worth roughly $42.6 billion, after the AI fab closed a record-breaking funding round in March at a post-money valuation of…
Why is Fortescue Metals stock falling today? Source link